Zhaopin completes 110 million dollars in financing

China's recruitment website Zhaopin (zhaopin.com) announced a new round of financing to reach $110 million trillion. This is the network recruitment industry in recent years the largest scale of a financing behavior. Zhaopin CEO Liu said Zhaopin is expected to complete a separate listing plan in 2010.

The huge amount of money into the Zhaopin two institutions, one is Macquarie Bank, the other is Zhaopin the original strategic investors, Oceania's largest recruitment website seek.com. The heads of two institutions said they would unswervingly support Zhaopin's management team as the Zhaopin long-term strategic investor and build it as China's largest and strongest recruiting site.

Liu said that in the past few years, the rapid and steady growth of Zhaopin has attracted the attention of many domestic and foreign investment institutions. Seek.com the right strategy to stand out in the industry competition, taking 3 years to occupy the 60% share of the network recruitment market in Oceania. Macquarie Bank is a strong investment organization with a long-term strategic vision. Good cooperation between the management team and the investor will be an important basis for Zhaopin to succeed.